There are far more things available for purchase than any one person's money can buy; he'll run out of money before he runs out of things to buy or time in which to buy them. Consider politicians, they're very expensive and don't even stay bought!
Technically you're right but you miss the point. How many jobs does he support with his demand for a gold and diamond encrusted watch that costs 10,000x more than a normal watch? A whole lot fewer jobs than 10,000 normal watch buyers can support. Those normal people drive the economy with their demand, not the rich guy.
Money saved at a bank doesn't stay in Scrooge McDuck's money bin; banks need to loan it out so that they can offer interest, pay their employees, and make a profit. Most of the money in savings accounts is loaned out to allow housing construction.
So the bank takes the money and... invests it. Refer back to my argument about investing in the previous post. Who's going to buy houses when there's no middle class? Who's going to start or expand their widget business when most people can barely afford their food and rent?
What businesses will be looking to expand in an economy where the wealth concentration is going in the direction it is now? Without a middle class to spend money, there is no demand. Business expansion is driven by demand and demand only. There is no other reason to expand, there is no other reason to hire new workers.
You're wrong. Income inequality is harmful. And not just because it hurts poor people's feelings.
Demand, people buying things, is what drives the economy. Person A that makes 100x the money that Person B does, doesn't add 100x the demand to the economy. One person can only buy so much. So, then, Person A's extra money is either going to go into savings (not good, that money is lost, as far as the rest of the world is concerned) or the money is going to go into investing. Investing plays an important role in the system but it cannot be the basis of the economy, no matter what anyone tries to tell you. Workers are hired and businesses are expanded for no other reason than to fulfill demand.
This is why income inequality is bad. Its growth strangles the economy by shifting money from the masses, who would use that money to drive the economy, to the few who will just put the money into savings when there is nothing worth investing in.
Demand, people buying things, is what drives the economy. Person A that makes 100x the money that Person B does, doesn't add 100x the demand to the economy. One person can only buy so much. So, then, Person A's extra money is either going to go into savings (not good, that money is lost, as far as the economy is concerned) or the money is going into investing. Investing plays an important role in the system but it cannot be the basis of the economy, no matter what anyone tries to tell you. Workers are hired and businesses are expanded for no other reason than to fulfill demand.
This is why income inequality is bad. Its growth strangles the economy by shifting money from the masses, who would use that money to drive the economy, to the few who will just put the money into savings when there is nothing worth investing in.
There would never be enough choice in ISPs that Net Neutrality would be unnecessary. It's simply too expensive to run a dozen or more lines to each home. Even if locals opened up land access to more competition, it's likely that the few small/medium companies that actually popped up would be bought up by their larger competitors. We'd wind up with the same thing we have in the cellular service industry: a few choices, but none of them good. The ISPs that are left will always favor "fast lane" style service because it is going to be profitable for them.
Allow me to add one gripe. Creating an outline for text in GIMP requires creating a selection from the text, creating a new layer, growing the selection to the outline size, and filling the selection with the new color. WTF? What if I want to change the text now? I have to redo those steps all over again because the outline is in no way associated with the text. It's just a separate object. That's absurd.
I have never seen a commercial for home internet service that is explicitly unlimited it's usually:
Blazing* Fast** High-Speed*** Internet**** Up to***** 50****** megs******* for only******** $69.99 per month*********
* Our lawyers advise us to tell you that we are not liable any house fires that may or may not be related to your internet equipment. ** When compared to dial up internet from 20 years ago *** Only available during off-peak hours **** Until we decide to deny access to websites that don't pay us for the privilege of being carried to our customers ***** But never actually anywhere near.... ****** Random number picked out of a hat, you'll never actually get this ******* Bits? Bytes? Who cares! (Personal story: I asked the Comcast salesmen if he meant megabits or megabytes when he said "50 megs" and he had no idea...) ******** Introductory rate for new customers only. We will double the rates in 3 months after joining ********* Plus taxes, fees, extra charges, and tribute payments
The way I see it, calling someone who only plays Candy Crush a gamer is like calling someone who only plays Putt Putt a golfer. As for the number of hours and the amount of dedication, they can be indicated with qualifiers like "Occasional", "Casual", or "Hardcore".
I don't think I would be able to. Every moment in space feels like you're on a roller coaster drop. Your stomach constantly feels like it's in your throat. Not even the tightest strap can make your internals feel like you're back on solid ground. It would be amazing to experience space but awful to live there without some kind of artificial gravity.
"Non catastrophic AGW" is the answer, "catastrophic AGW" is a different answer. It's not the question. The question is "What is the effect of humans dumping CO2 into the atmosphere?". You don't get to decide whether or not climate change will have an effect on the earth before doing the study. That's not how science works. You get the money to study the effects of climate change and then you find out "Surprise! Dumping a bunch of CO2 into the atmosphere is a problem." And then you publish a bunch of data that led you to that conclusion and other people (97%) agree and we all move on and do something about it.
The problem is worse around me. The construction companies put up cones and signs along several miles of road while only working on a small portion at a time. To make matters even worse, these construction zones are kept in place for years where weeks or even months go by with minimal or no work being done. So there are signs everywhere but they are irrelevant 90% of the time so no one follows the lowered speed limit.
Like "Tiffany Blue", UPS has its branding associated with a particular color. There's a difference. People don't prefer colors so people will have an easier time recognizing them. Their favorite color appeals to their subjective tastes. Saying a business has subjective tastes is like saying the number 8 has a crush on 9. You are anthropomorphizing the business despite it being a legal entity and not a person.
I'm aware of LLC's that can do that so they don't have to pay corporate taxes on the profit and then pay income tax by transferring the money to the owner. However, the benefit of such a company is still that your net income is taxed rather than your gross. Without a corporate status, you would be paying income tax on any and all revenue but with the tax benefits of an LLC, you get to write off your operating expenses and or money routed into business expansion instead of your own pocket.
Can you spend the company money on whatever you want, like a new house or a boat for yourself? No. That's embezzlement. The money belongs to the company until it is paid out to you. You may be able to make that decision, but the company exists as a separate entity from you for legal and tax purposes. That separate entity doesn't have a religion any more than it has a favorite color. It is not a person.
Time to start the Church Ad Absurdum. Wherein its followers can do anything and everything they want as religious practice, everything is sacred, and everything is against the religion.
Yes, because we all know that there are more jobs than employable people and we can all make the decision about which job to take based on which has the best health coverage rather than needs like food and housing...
Sure, the employees can still buy contraception, at a higher price and out of their own pocket. Hobby Lobby is using its position of power over the employees disadvantage those that need contraceptive care and force the owners' religious views on them.
Slashdot Mirror
There are far more things available for purchase than any one person's money can buy; he'll run out of money before he runs out of things to buy or time in which to buy them. Consider politicians, they're very expensive and don't even stay bought!
Technically you're right but you miss the point. How many jobs does he support with his demand for a gold and diamond encrusted watch that costs 10,000x more than a normal watch? A whole lot fewer jobs than 10,000 normal watch buyers can support. Those normal people drive the economy with their demand, not the rich guy.
Money saved at a bank doesn't stay in Scrooge McDuck's money bin; banks need to loan it out so that they can offer interest, pay their employees, and make a profit. Most of the money in savings accounts is loaned out to allow housing construction.
So the bank takes the money and... invests it. Refer back to my argument about investing in the previous post. Who's going to buy houses when there's no middle class? Who's going to start or expand their widget business when most people can barely afford their food and rent?
What businesses will be looking to expand in an economy where the wealth concentration is going in the direction it is now? Without a middle class to spend money, there is no demand. Business expansion is driven by demand and demand only. There is no other reason to expand, there is no other reason to hire new workers.
You're wrong. Income inequality is harmful. And not just because it hurts poor people's feelings.
Demand, people buying things, is what drives the economy. Person A that makes 100x the money that Person B does, doesn't add 100x the demand to the economy. One person can only buy so much. So, then, Person A's extra money is either going to go into savings (not good, that money is lost, as far as the rest of the world is concerned) or the money is going to go into investing. Investing plays an important role in the system but it cannot be the basis of the economy, no matter what anyone tries to tell you. Workers are hired and businesses are expanded for no other reason than to fulfill demand.
This is why income inequality is bad. Its growth strangles the economy by shifting money from the masses, who would use that money to drive the economy, to the few who will just put the money into savings when there is nothing worth investing in.
Demand, people buying things, is what drives the economy. Person A that makes 100x the money that Person B does, doesn't add 100x the demand to the economy. One person can only buy so much. So, then, Person A's extra money is either going to go into savings (not good, that money is lost, as far as the economy is concerned) or the money is going into investing. Investing plays an important role in the system but it cannot be the basis of the economy, no matter what anyone tries to tell you. Workers are hired and businesses are expanded for no other reason than to fulfill demand.
This is why income inequality is bad. Its growth strangles the economy by shifting money from the masses, who would use that money to drive the economy, to the few who will just put the money into savings when there is nothing worth investing in.
There would never be enough choice in ISPs that Net Neutrality would be unnecessary. It's simply too expensive to run a dozen or more lines to each home. Even if locals opened up land access to more competition, it's likely that the few small/medium companies that actually popped up would be bought up by their larger competitors. We'd wind up with the same thing we have in the cellular service industry: a few choices, but none of them good. The ISPs that are left will always favor "fast lane" style service because it is going to be profitable for them.
Shut the hell up Bennet.
Allow me to add one gripe. Creating an outline for text in GIMP requires creating a selection from the text, creating a new layer, growing the selection to the outline size, and filling the selection with the new color. WTF? What if I want to change the text now? I have to redo those steps all over again because the outline is in no way associated with the text. It's just a separate object. That's absurd.
No, YOU must have missed the whole Climategate thing.
Eight committees investigated the allegations and published reports, finding no evidence of fraud or scientific misconduct.
http://en.wikipedia.org/wiki/C...
Congress basically refused to allow him to close it.
It's a military base and he is the Commander in Chief, is he not? How does he not have the authority to close the base?
And then do what with the detainees? No one in America dared invite them into their state.
I have never seen a commercial for home internet service that is explicitly unlimited it's usually:
Blazing* Fast** High-Speed*** Internet**** Up to***** 50****** megs******* for only******** $69.99 per month*********
* Our lawyers advise us to tell you that we are not liable any house fires that may or may not be related to your internet equipment.
** When compared to dial up internet from 20 years ago
*** Only available during off-peak hours
**** Until we decide to deny access to websites that don't pay us for the privilege of being carried to our customers
***** But never actually anywhere near....
****** Random number picked out of a hat, you'll never actually get this
******* Bits? Bytes? Who cares! (Personal story: I asked the Comcast salesmen if he meant megabits or megabytes when he said "50 megs" and he had no idea...)
******** Introductory rate for new customers only. We will double the rates in 3 months after joining
********* Plus taxes, fees, extra charges, and tribute payments
The way I see it, calling someone who only plays Candy Crush a gamer is like calling someone who only plays Putt Putt a golfer. As for the number of hours and the amount of dedication, they can be indicated with qualifiers like "Occasional", "Casual", or "Hardcore".
Hint: It's porn.
I don't think I would be able to. Every moment in space feels like you're on a roller coaster drop. Your stomach constantly feels like it's in your throat. Not even the tightest strap can make your internals feel like you're back on solid ground. It would be amazing to experience space but awful to live there without some kind of artificial gravity.
Sorry. This is the one you want: https://www.youtube.com/watch?...
https://www.youtube.com/watch?...
I thought GP was making a subtle satirical point until I reached the end
"Non catastrophic AGW" is the answer, "catastrophic AGW" is a different answer. It's not the question. The question is "What is the effect of humans dumping CO2 into the atmosphere?". You don't get to decide whether or not climate change will have an effect on the earth before doing the study. That's not how science works. You get the money to study the effects of climate change and then you find out "Surprise! Dumping a bunch of CO2 into the atmosphere is a problem." And then you publish a bunch of data that led you to that conclusion and other people (97%) agree and we all move on and do something about it.
What does Google offer that you don't? Despite thinking you are, maybe you're not offering the real market rate. Or maybe your benefits suck.
The problem is worse around me. The construction companies put up cones and signs along several miles of road while only working on a small portion at a time. To make matters even worse, these construction zones are kept in place for years where weeks or even months go by with minimal or no work being done. So there are signs everywhere but they are irrelevant 90% of the time so no one follows the lowered speed limit.
Like "Tiffany Blue", UPS has its branding associated with a particular color. There's a difference. People don't prefer colors so people will have an easier time recognizing them. Their favorite color appeals to their subjective tastes. Saying a business has subjective tastes is like saying the number 8 has a crush on 9. You are anthropomorphizing the business despite it being a legal entity and not a person.
I'm aware of LLC's that can do that so they don't have to pay corporate taxes on the profit and then pay income tax by transferring the money to the owner. However, the benefit of such a company is still that your net income is taxed rather than your gross. Without a corporate status, you would be paying income tax on any and all revenue but with the tax benefits of an LLC, you get to write off your operating expenses and or money routed into business expansion instead of your own pocket.
Can you spend the company money on whatever you want, like a new house or a boat for yourself? No. That's embezzlement. The money belongs to the company until it is paid out to you. You may be able to make that decision, but the company exists as a separate entity from you for legal and tax purposes. That separate entity doesn't have a religion any more than it has a favorite color. It is not a person.
Time to start the Church Ad Absurdum. Wherein its followers can do anything and everything they want as religious practice, everything is sacred, and everything is against the religion.
Yes, because we all know that there are more jobs than employable people and we can all make the decision about which job to take based on which has the best health coverage rather than needs like food and housing...
Sure, the employees can still buy contraception, at a higher price and out of their own pocket. Hobby Lobby is using its position of power over the employees disadvantage those that need contraceptive care and force the owners' religious views on them.